Proofpoint stock: buy or sell?
September 20th, 2019
Proofpoint, Inc. operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide.
Should I buy Proofpoint stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Proofpoint stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Proofpoint stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 15 ratings published for PFPT stock in the last 30 days. The general sentiment of these ratings is bullish for PFPT stock, with 13 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-13||Robert W. Baird||n/a||Buy|
|2019-7-29||JMP Securities||Outperform||Market Perform|
|2019-7-26||Piper Jaffray Companies||n/a||Overweight|
|2019-7-26||Piper Jaffray Companies||n/a||Overweight|
|2019-7-26||Needham & Company LLC||n/a||Buy|
|2019-7-26||Monness Crespi & Hardt||Buy||Buy|
|2019-7-26||Monness Crespi & Hardt||n/a||Buy|
Proofpoint stock analysis
Proofpoint gained a slightly good 0.78% and closed at $127.50.
Proofpoint shares gained 0.78% to $127.50 today. On July, PFPT hit a new all time high, pushing higher than on April tops. Check different trading setups that use ATHs as triggers. On Aug/29 PFPT price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since last August 19th when SMA50d and SMA100d crossed up, PFPT price gained $10.35 per share (8.83%).
Shares of Proofpoint stepped up a slightly fine 1.39% this week. Early September PFPT boosted a dazzling 9.18% in just one week. With this, it's been 3 climbing weeks in a row, soaring a 12.09%. Early August PFPT plummed a spooky -5.42% in just one week.
Proofpoint stock just marked a top under its last top. Athought it's not something to really worring right now, investors in PFPT should be on alert as this could be a warning for future complications. It's important PFPT stock price keeps the level, and maybe bounce up from there forming a double bottom shape. Not so far away is the last all-time high Proofpoint marked late July. By mid April, SMA20w and SMA40w crossed up triggering a rise of 4.04%. Since late January when PFPT stock price broke up the SMA40w line, it gained $29.87 (30.60%).
Proofpoint stock price history
Proofpoint IPO was on April 20th, 2012 at $16.85 per share1. Since then, PFPT stock grew a 656.70%, with a yearly average of 93.80%. If you had invested $1,000 in Proofpoint stock in 2012, it would worth $6,567.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Proofpoint stock historical price chart
PFPT stock reached all-time highs on July with a price of $132.85.
Proofpoint stock price target is $144.10How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 14 price predictions for Proofpoint stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-13||Robert W. Baird||Reiterates||n/a||$145.00||-|
|2019-7-29||JMP Securities||Raises Target||$130.00||$140.00||7.7%|
|2019-7-26||Stifel Nicolaus||Raises Target||$135.00||$140.00||3.7%|
|2019-7-26||Piper Jaffray Companies||Reiterates||$140.00||$145.00||3.6%|
|2019-7-26||Piper Jaffray Companies||Raises Target||$140.00||$145.00||3.6%|
|2019-7-26||Needham & Company LLC||Raises Target||n/a||$150.00||-|
|2019-7-26||Morgan Stanley||Raises Target||$142.00||$148.00||4.2%|
|2019-7-26||Monness Crespi & Hardt||Reiterates||$137.00||$150.00||9.5%|
|2019-7-26||Monness Crespi & Hardt||Raises Target||$137.00||$150.00||9.5%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April, Proofpoint . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Proofpoint annual turnover skyrocketed a super good 37.97% to $716.99 M USD from $519.68 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) depreciated a -1.04% to -14.47%. To have an updated picture of the financial situation of Proofpoint, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Proofpoint TTM sales up to March 2019 were $757.47 and earnings were $-119.87 million USD. When comparing this TTM figures with the last reported annuality, we can review Proofpoint business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, escalated a fine 5.65%. Nonetheless, profit margin (net income/revenues) decreased at -14.47%.
|2013||$138 M||-||$-27.53 M-20.0%||-|
|2014||$196 M||41.82%||$-64.24 M-32.8%||133.34%|
|2015||$265 M||35.68%||$-106.45 M-40.1%||65.72%|
|2016||$375 M||41.48%||$-111.21 M-29.6%||4.47%|
|2017||$520 M||38.40%||$-69.80 M-13.4%||-37.23%|
|2018||$717 M||37.97%||$-103.75 M-14.5%||48.63%|
|TTM||$757 M||5.65%||$-119.87 M-15.8%||15.54%|
Quarterly financial resultsProofpoint posted $202.94 million in sales for 2019-Q1, a 2.25% up compared to previous quarter. Reported quarter earnings marked $-28.28 million with a profit margin of -13.93%. Profit margin decreased a -3.24% compared to previous quarter when profit margin was -10.70%. When comparing sales to same quarter last year, Proofpoint sales marked an outstanding gain and rocketed a 24.91%. Looking back to recent quarterly results, Proofpoint posted 7 negative quarters in a row.
|2017-Q2||$122 M||-||$-25.94 M-21.2%||-|
|2017-Q3||$134 M||9.79%||$-21.96 M-16.4%||-15.34%|
|2017-Q4||$143 M||6.12%||$-21.08 M-14.8%||-4.00%|
|2018-Q1||$162 M||13.99%||$-12.16 M-7.5%||-42.34%|
|2018-Q2||$172 M||5.79%||$-34.30 M-20.0%||182.15%|
|2018-Q3||$184 M||7.16%||$-36.06 M-19.6%||5.14%|
|2018-Q4||$198 M||7.76%||$-21.24 M-10.7%||-41.11%|
|2019-Q1||$203 M||2.25%||$-28.28 M-13.9%||33.17%|
Proofpoint ownershipWhen you are planning to invest in shares of a company, it's always worth to overview its ownership structure.
Proofpoint shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.52% of all shares.
Bearish positions for PFPT stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Proofpoint:
|Market cap||$7.1 B||$95.4 M||$3.0 B||$27.8 B||$126.7 B|
|Total shares||55.7 M||54.5 M||214.8 M||1,480.0 M||885.9 M|
|Float shares||55.2 M||26.1 M||205.9 M||1,480.0 M||884.5 M|
|- Institutional holdings (%)||95.9%||71.5%||75.8%||83.9%||57.5%|
|- Insider holdings (%)||1.5%||3.7%||2.5%||0.2%||0.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$125.56 - $128.69|
|Average true range||$4.12|
|50d mov avg||$121.68|
|100d mov avg||$119.08|
|200d mov avg||$113.80|
Proofpoint performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected CYREN, FireEye, HP, International Business Machines, Intel, Microsoft, Qualys, Symantec, Vmware and Zix as the bechmarking frame for Proofpoint stock.
Proofpoint competitorsOne check before investing in any stock is to review a list of its competitors, in this case for Proofpoint. We selected 10 companies as Proofpoint competitors as they are in the same industry or have similar market objectives.
- CYREN (CYRN)
- FireEye (FEYE)
- HP (HPQ)
- International Business Machines (IBM)
- Intel (INTC)
- Microsoft (MSFT)
- Qualys (QLYS)
- Symantec (SYMC)
- Vmware (VMW)
- Zix (ZIXI)
Latest Proofpoint stock news
- Seeking AlphaProofpoint: High Growth In A Red OceanSeptember 10, 2018
- Seeking AlphaProofpoint: Mixed Earnings But Great Entry PointJuly 29, 2018
- Seeking AlphaProofpoint, Mimecast, And Imperva: Leaders Of Protecting My EmailJuly 18, 2018